Email Us neo@atechmagnet.com CALL US NOW +86-010-53345989
Huatai Xinding(Beijing)Metal Materials Co., Ltd.
En
China
Magnetic solution
provider & manufacturing expert,
25 years of professional experience
Innovative solutions for sustainable developments toward a better world
Striving for excellence and continuous improvements to support your success

China's Rare Earth Exports Plummeted by 22% -US Needs to Rebuild the Rare Earth Supply Chain

In April, China exported a total of 3737.2 tons of rare earths, a drop of 22.9% from March. The United States and Japan are worried about China's supply of rare earths.Lion Comment: Rare earth has the reputation of "universal soil". Due to its excellent photoelectromagnetic physical properties, rare earths can form many different new materials with many materials. It is an indispensable scarce resource in many cutting-edge fields such as new energy, aerospace, and semiconductors. As the world's largest rare earth country, the biggest advantage of China's rare earth industry lies in its advanced separation and purification technology, high efficiency and low cost. With this advantage, China provides 90% of the world's rare earth production with 30% of the rare earth resources. At the same time, since 2011, the number of rare earth patent applications in China each year has exceeded that of other countries in the world combined. The United States relies entirely on imports of rare earths, and is very worried that China will cut off the supply. Pensana, a British rare earth supplier, has begun to build a rare earth supply chain and will spend US$125 million to build a sustainable rare earth separation plant. Five countries, including the United States, the United Kingdom, and Australia, are considering cooperating with Greenland, which has abundant rare earth reserves, to reduce the risk of "out of supply" of rare earths.


atechmagnet-4.jpg

Related News
  • Demand for NdFeB Increases with Electicr Vehicles

    Demand for NdFeB Increases with Electicr Vehicles

    July 23, 2021At present, the traditional automobile field is still the largest consumption direction of NdFeB permanent magnets, accounting for about 30%, which is down from the level of more than 35% in 2017-2018...view
  • New Era of Rare Earth

    New Era of Rare Earth

    August 24, 2021Overseas rare earth mines are close to full production, with limited growth in 3-5 years. At present, the main overseas rare earth production areas are the United States, Australia and Myanmar. Among ...view
  • Non-Binding Memorandum Of Understanding Has Been Signed Between Arafura and General Electric

    Non-Binding Memorandum Of Understanding Has Been Signed Between Arafura and General Electric

    July 21, 2022GE Renewable Energy has signed a non-binding memorandum of understanding (MoU) with the Australian mineral exploration company, Arafura Resources Limited, to jointly co-operate in the establishment of...view
  • Rare Earth Metals production in China

    Rare Earth Metals production in China

    October 13, 2020Rare earth minerals are a suite of 17 elements mineable in the earth's crust, with names such as cerium, europium and lutetium. They are commonly used in everything from car motors and electronics to ...view